This number will be the total amount you are borrowing.
Your interest rate is typically stated as a yearly rate, such as 5.5%.
This is the full length of your loan in years or months. Enter whole years, or you may break it down to partial years and enter it as total months. For instance, 10 years, 6 months would be 126 months (10 x 12 plus 6).
Select years or months.
If you intend to add an additional principle payment each month, enter that amount here, otherwise, leave it blank. Additional principle payments will result in significant savings over the life of your loan.